Namyang Dairy Products Selected as 'Franchise Partner Company' by the Fair Trade Commission

Various Systems and Support Needed for Dealerships Unveiled

Namyang Dairy Products announced on the 1st that it has been selected as a ‘Franchise Partner Company’ by the Fair Trade Commission.

The Franchise Partner Company system, introduced in 2021 to promote the signing of fair trade agreements in the franchise sector and the spread of a win-win culture, selects companies that have no franchise law violations in the past year, use standard contracts, and meet essential requirements, as well as fulfill certain conditions such as long-term contracts, support for interior costs, and operation of financial and funding support systems.

Namyang Dairy Products participated in the ‘2023 Franchise Partner Company Selection Ceremony’ held yesterday at the Korea Fair Trade Mediation Agency in Jung-gu, Seoul, where it announced fair trade-related regulations, the signing of standard franchise transaction agreements, support for sales activities, and various welfare and reward programs as part of its win-win cooperation system. A Namyang Dairy Products official stated, “We express our gratitude to the franchise owners who responded in unity with the executives and employees who have valued coexistence and cooperation as the highest priority since 2013,” adding, “We will not stop at 10 years of effort but will continue to do our best to grow together with our franchisees, looking forward to the next 100 years.”

Through win-win management, Namyang Dairy Products has established a continuous communication and cooperation system with its franchisees. Amid overlapping adversities such as economic recession and rising prices due to the spread of COVID-19, the company and its franchisees put their heads together to discuss ways to revitalize sales of major brands, sharing ideas found on the ground and devising solutions to strengthen their cooperative relationship. Additionally, the company created the ‘Family Scholarship’ to support the tuition fees of franchisees’ children, providing a total of 1.38 billion KRW to 1,009 recipients over 11 years, and offers childcare products upon the birth of children and grandchildren, sparing no support for childbirth, childcare, and education overall.